An interest in the real estate industry requires the development of short-term and long-term objectives. The swot analysis and environmental scan have identified a potential area where one can seek meaningful employment and the growth of a career in the industry. Plans that can be fulfilled shortly before tomorrow, next week or month or year are short-term plans. They are the objects which are to be accomplished soon in less than one year. Long-term plans, on the other hand, are to be achieved in the far future and therefore require planning and time. They usually take more than twelve months to complete (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
Lon term objectives
The long-term professional objectives which are desirable for success in the real estate sector include pursuing higher education, engaging in a new career path and learning the unique skill set that applies to the industry. I would complete my undergraduate degree and enrol in Masters Degree immediately where I would pursue a course in International Business Management. I believe that the course will be helpful in developing requisite skills and knowledge on how to manage businesses across borders. My interest in cross-cultural management and a flair for strategy development will be a great asset in my career development (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
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Engaging in a new career path involves the identification of one's interest and capabilities and nurturing them to take advantage of emerging opportunities in the workplace. The high potential in the real estate will be harnessed by strategically positioning oneself in the company to rise in the corporate ladder to middle-level management in five years. New career development goals are established and the resources which include time and finances are identified. The institution, as well as the course, is also selected by developing a list of preferred classes and schools and evaluating each based on elaborate criteria. The criteria will incorporate the flexibility of the course, the nature of the institution, the duration of the course, and the required resources among others (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
Learning new skills as a long-term objective involves setting up a long-term goal which is to acquire a desired new skill. The ability must be identified in the swot analysis and must be a highly sought out skill or one that will enhance the chances of being employed in a real estate company. The swot analysis and the environment scan identified the strengths and weaknesses as well as the attractiveness of the real estate sector for employment purposes. By developing the skill, it is possible to reduce the identified threats in the external environment while reducing the impact of the dangers. At this juncture, it is necessary to determine the mode of delivery. Similarly, the duration, the expected completion date and how to continuously improve the skill either by engaging in a challenging work environment or developing other supportive skills that will enhance the acquired skill set (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
Short-term objectives
The short-term objectives will be useful for the achievement of the identified goals. They are a breakdown of the objectives of smaller units which are attainable. The first aim of pursuing higher education will be broken down into the following constituent parts. In the current year, the objective will be the completion of the coursework and pass the final exams. Some of the activities that will be involved include payment of required school fees, course registration, enrolling in the student portal, registering with the school library. Other activities will consist of attending all the required classes, completing all individual assignments, participating in group discussion, preparing for the final exam and taking the test (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
Engaging in a new career path as a long-term objective can be broken down into short-term plans which can be achieved in a year. The available careers in the real estate can be identified conducting an environmental scan. A new career path can be developed by identifying possible career options in the real estate sector. The development of career options involves listing the available options which are determined by skill, interest, values which are identified through self-assessment. The developed opportunities are then prioritized and comparison made. Other factors that affect the career path are also considered at this juncture. The last step is to create a smart goal (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
Learning new skills as a long-term plan can be broken short-term plans that cover one year. The new skill can be gained by identifying skill gaps, deciding the best way to attain the recognized skill, next step is to break the goal down into short-term objectives. It is advisable to consider any reasons that might force one to give up and then to focus on the most crucial aspect. The focus will be on a subskill. Breaking the entire process into subunits makes it easier to achieve the established goals and to take corrective action where needed (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
Each plan requires finances, time and human capital to achieve. The achievement of the long-term plans will be driven by daily, weekly and monthly activities that are performed towards achieving each plan. Every small bit counts and it is the little activities that constitute the short-term goals which end up becoming long-term goals. Any minor obstacles along the way that does not affect the achievement of the goal will be ignored. However, if they pose a challenge to the performance of the goal, then it will be necessary to address the issue before proceeding (David & David, 2016; McGee, 2014; Pearce & Robinson, 2013).
References
David, F., & David, F. (2016). Strategic Management . Harlow: Pearson Education Limited.
McGee, J. (2014). Strategic management . Chichester: Wiley.
Pearce, J. A., & Robinson, R. B. (2013). Strategic management (13th ed.). New York, NY: McGraw Hill.
